UK Credit Card Balances Hit Record High as Payment Rates Drop, FICO Reports

Reuters
2025/10/14
UK Credit Card Balances Hit Record High as Payment Rates Drop, FICO Reports

Fair Isaac Corporation (FICO) has released its August 2025 UK Credit Card Market Report, highlighting intensifying financial stress among cardholders. The report shows that the average active card balance has risen to a record £1,915, up 1.1% month-on-month and 4.9% year-on-year. Meanwhile, the percentage of total balance paid has dropped to 34.3%, a 1.6% decrease from July and 6.2% lower than the same month last year. Although average monthly spending increased slightly to £815, it remains 2.4% lower year-on-year. The data also reveals an increase in accounts exceeding credit limits and a rise in cash withdrawals on credit cards, reflecting growing financial pressures. FICO recommends that issuers closely monitor risk indicators and proactively manage credit limits and collections to mitigate escalating balances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fair Isaac Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251014494047) on October 14, 2025, and is solely responsible for the information contained therein.

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